Rating: 3.5
Author: J Bennett

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Schwab has good benefits and puts effort into community. Financial wellness is a good benefit: free advice, help with financial planning, and trading discounts. The company feels well-run, with leaders that care.

Schwab has an interesting approach to technology. First and foremost is security and safety. Regular disaster recovery testing. Separation of duties. Devops. Extensive oversight for compliance. Tech Governance and security reviews . On the other side, there is high focus on using technology as a competitive advantage. Leadership invests in technology and understands the value of customer experience. So, bleeding edge innovation and also extreme conservatism when protecting assets.

In most areas of the company, groups are diverse and seem supportive. In product management and sales enablement, there are more women than men. But at the senior levels of management, there are few women, maybe 10%.

In Tech, it feels like there is a bias against female technologists and engineers. In a typical Tech SVP’s organization, there are about 1000 people, half employees. There are about 25-30 architects. In my org, only one of those architects is female. Management is better, but the attitude that women cannot be technologists, only managers, is unfortunate and offensive. The senior architects in the firm seem to suffer from unconscious bias; in meetings, it is common for a woman to say something that is repeated by a man within a few minutes. He is heard, she is not. This is a tough problem, and while somewhat recognized, it doesn’t feel that it is a priority for leadership.

It is very difficult to be hired by Schwab. It often takes 3 months from application to hiring. Once hired, it is possible (though difficult) to change positions within the firm every few years. Many employees stay with Schwab for years, often until retirement.

7 months ago

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